FLC Group to list on Singapore exchange

Hanoi (VNA) - FLC group has, in Hanoi, worked out the finer points with its
Singaporean partners about its plan to list on Singapore's stock exchange.

It
was the second meeting between the group and the Singaporean financial
consulting company Putri Resources&Capital Pte Ltd and the United Overseas
Bank (UOB) after the first one in April 2014 with regard to the plan.

FLC
chairman Trinh Van Quyet said that the group has successfully listed on the
local stock exchange and it aimed to list in other countries to attract more
investment for its growing projects.

Quyet
said Singapore was one of the biggest financial centres in the Asian market,
adding that listing in the market would give FLC an opportunity to boost its
managing capacity and transparency.

Meanwhile,
Ernie Yap, Director of Putri Resources&Capital said the financial reports
proved that FLC met all the requirements to be listed on Singapore's mainboard
without being listed on its auxiliary exchange of Catalist. The director also
said not all the companies in Viet Nam can meet the requirements.

Daniel
Lim Jin Kong, Deputy Chairman of UOB, while appreciating what the group has
achieved, added that a listing in Singapore will help the group enhance its
managing standards to international levels.

In
the first six months, profit before tax and after audit of the FLC Group
reached over 177 billion VND (8.428 million USD), completing 51 percent of the
whole year's profit plan in 2014.

Since
early this year, FLC has kicked off constructions of the FLC Garden City in Dai
Mo with the total investment of 3.5 trillion VND (166.6 million USD), FLC
Complex Pham Hung at the cost of 1.2 trillion VND (57.1 million USD) in Hanoi and
international standard FLC Sam Son Golf Links in Sam Son, Thanh Hoa with an investment
of 5.5 trillion VND (261.9 million USD).-VNA